Finnish pension system in brief

The statutory pension security in Finland consists of earnings-related pension and residence-based national pension. Earnings-related pension security is financed mainly through employer and employee contributions. National pensions and guarantee pensions are meant for those pensioners who have no earnings-related pension or whose pension is very small.

There is no fixed retirement age in the earnings-related pension scheme. You can apply for an earnings-related pension at any time between the ages of 63-68. Within the national pension scheme, the old-age retirement age is 65 years. The amount of earnings-related pension depends on how long you have been working and what your salary has been.

Further information

Pensions for persons working at the UEF

In accordance with Section 11 of the Act on the Implementation of the Universities Act (559/2009), persons in the employ of the universities who were born before the first of January 1980 shall be governed by the State Pensions Act (1259/2006, "VaEL"). Other persons in the employ of the universities shall be governed by the Employees Pensions Act (395/2006, "TyEL"). The Finnish Centre for Pensions (ETK) serves as the joint statutory co-operation body of the earnings-related pension field.

If you are receiving a grant or a scholarship from Finland, the Farmers' Social Insurance Institution (Mela) handles your statutory earnings-related pension and occupational accident insurance.

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